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Adidas says it plans to sell its remaining stocks of Yeezy sneakers worth nearly $300 million. "The company plans to sell the remaining Yeezy product at least at cost in 2024," Adidas said in a press release Wednesday. The German sportswear retailer had previously planned to write off roughly 300 million euros ($324 million) of Yeezy inventory. It now plans to sell around 268 million euros ($289 million) of its remaining stock. AdvertisementAdidas said that it had sold Yeezy stock worth 1.2 billion euros in 2022 and 750 million euros in 2023, the latter of which generated a preliminary operating profit of around 300 million euros.
Persons: Ye, , Bjørn, George Floyd, Gulden Organizations: Adidas, Service, Kanye, Twitter, Defamation League, Keeta Floyd Institute for Social, Business, Argentine
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But his consistent criticism of some of the real issues happening in Big Tech has sometimes reminded me of a classic Clickhole headline: "Heartbreaking: The Worst Person You Know Just Made a Great Point." Section 230 is controversial and has become a rallying point for some conservatives and others, who think it allows Big Tech to hide from criticisms that it isn't fair to all sides. Clearly, these big platforms haven't succeeded — sometimes motivated by a whole bunch of internal factors, including profit. AdvertisementBut if there were some magic bullet to stop child exploitation, I truly believe the companies would've used it by now.
Persons: , Sen, Josh Hawley, Hawley, Mark Zuckerberg, flay, Sundar Pichai, Zuckerberg, Utah Sen, Orrin Hatch, Zuckerberg blinked, Meta, sextortion, Marsha Blackburn, Wednesday's, there's Organizations: Service, Big Tech, Republican, Business, Twitter, Google, Facebook, Street, Meta, ACLU, Electronic Frontier Foundation Locations: Big, Missouri, Utah, Florida, Tennessee
WEST PALM BEACH, Fla. (AP) — The Messenger, an ambitious online news site that billed itself as a nonpartisan digital outlet and spent some $50 million ratcheting up its business effort, abruptly shut down Wednesday after only eight months in operation. In his email, Finkelstein said he hadn't shared the news with employees earlier because he had been trying desperately to raise enough funds to become profitable “literally until earlier today." “We exhausted every option available,” Finkelstein wrote, saying he was “personally devastated.”The Messenger website carried only its name and an email address Wednesday night. Planned cuts also have sparked walkouts by employees at other venues, including the New York Daily News and Forbes magazine. The Messenger was launched last May and spent heavily — some would say excessively, given the current media climate — in hopes of becoming a media heavyweight.
Persons: Jimmy Finkelstein, Finkelstein, hadn't, ” Finkelstein, , ambitiously, Critics, Jonah Peretti, he'd, Organizations: The New York Times, Los Angeles Times, Sports Illustrated, Business, New York Daily News, Forbes, Associated Press, Washington D.C Locations: BEACH, Fla, New York, Washington, Florida
Congress is set to grill leaders from Meta, X, TikTok, and other tech companies in a hearing Wednesday. The session will cover efforts to protect children from sexual exploitation online. This will be X CEO Linda Yaccarino's first time testifying before Congress. AdvertisementTech leaders are arriving in Washington, DC, voluntarily or not, to answer for their platforms' efforts to protect kids from sexual exploitation. Over the weekend, X announced plans to hire 100 full-time workers for a yet-to-be-opened content moderation hub in Austin aimed at addressing child sexual exploitation on its platform.
Persons: Linda Yaccarino's, , X —, Elon Musk, Axios, She'll, Mark Zuckerberg, Evan Spiegel, TikTok, Shou Zi Chew, Jason Citron, Meta, We're, X Organizations: Meta, Service, Tech, Elon, Wall, Journal, The New York Times, Times Locations: Washington , DC, Austin
Adidas announced on Wednesday that it won't write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes "at least" at the cost it paid for them, as the apparel retailer looks to recoup its losses. The company attributed the profit to its "better-than-expected operational business" during its fourth quarter and the decision to sell the majority of the remaining Yeezy inventory. Instead, the company plans to sell the remaining Yeezy product at least at cost in 2024," Adidas said in a news release. CEO Bjørn Gulden added: "Our consumer, retail and trade research has shown that we can sell this remaining inventory in 2024 for at least the cost price. It's not clear if Adidas will donate any portion of the remaining Yeezy sales.
Persons: Ye, Bjørn Gulden, George Floyd, It's Organizations: Adidas, Defamation League, Keeta Floyd Institute for Social, CNBC PRO Locations: Chicago
The public backlash persists over the fake, sexually explicit images of Taylor Swift that recently circulated online. The pornographic and digitally altered images of the superstar singer-songwriter and musician spread last week on social media websites such as X, formerly Twitter. The images were deepfakes, a relatively new term for a seemingly realistic but manipulated video or photo produced by a form of AI. But the proliferation of such deepfakes is getting the attention of government officials – both nationally and at the state level. Additionally, at least the 10 states below now have legislation that specifically targets those who create and share explicit deepfake content, as reported by USA Today.
Persons: Taylor Swift, , Judith Germano, , Joe Biden, Germano, ” Germano Organizations: Organization for Social Media Safety, NYU School of Law, Management, , USA
Until now, the social platforms have largely had the same response: We’ll help teens and families make smart decisions themselves. But now, with growing claims that social media can hurt young users, including worries that it risks driving them to depression or even suicide, online safety advocates say that response falls far short. This month Meta announced a proposed blueprint for federal legislation calling for app stores, not social media companies, to verify users’ ages and enforce an age minimum. Safety action beyond CongressAs efforts to rein in tech platforms have ground to a standstill on Capitol Hill, much of the momentum for regulating social media has picked up outside the halls of Congress. Elsewhere, state-backed and consumer lawsuits against the companies are ramping up pressure to regulate tech platforms as the litigation reveals more about their inner workings.
Persons: Mark Zuckerberg, Zuckerberg, Linda Yaccarino, Evan Spiegel, Jason Citron, , Jeff Chester, TikTok, , Meta, ’ Instagram, Frances Haugen, Josh Golin, Zamaan Qureshi, Qureshi, Elon Musk, X, ” Golin Organizations: CNN, , Center for Digital Democracy, Meta, Center, Locations: , Arkansas , Louisiana , Ohio , Utah, Austin , Texas
Read previewJason McConahy, a part-time Lyft driver in Las Vegas, sometimes drives as few as 10 hours a month. Several Uber and Lyft drivers have told Business Insider they've faced everything from rude comments to harassment while working — women drivers can face their own challenges. Business Insider asked six Uber and Lyft drivers why they value the social interactions that can come with ride-hailing. Riders, oftentimes, enjoy having someone to talk to as well, drivers told BI. "It's like therapy," said a Boston Uber driver in his 50s who asked to remain anonymous for fear of professional repercussions.
Persons: , Jason McConahy, McConahy, they've, Uber, Mark McCann, Larry, he's, Rich, Dean Ceran, they're Organizations: Service, Business, Atlanta Uber, Arizona Uber, Virginia Uber, Boston Uber Locations: Las Vegas, Dallas, Atlanta, Arizona, Virginia, Boston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMizuho says China's recent policy support is driven by its desire for social stabilityChina isn't boosting the stock market for its own sake, says Vishnu Varathan of Mizuho Bank.
Persons: Vishnu Organizations: Mizuho, Mizuho Bank Locations: China
Teen suicide: Study identifies behavioral risk factor
  + stars: | 2024-01-25 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
But you should pay more attention since social withdrawal could signal something deeper is going on, a new study has found. Across the globe, 10% to 20% of adolescents experience suicidal thoughts, and suicide is one of the leading causes of death among them, highlighting the need for strengthened prevention efforts. But the current study examined the associations between the long-term trajectory of multiple categories of psychological and behavioral symptoms and suicidal thoughts. But the link between social withdrawal and suicidal thoughts could be explained by the “loss of protective social connections,” according to the study. “If you hear a lot of complaints about aches and pains, it doesn’t (automatically) mean your child is suicidal,” Willard said.
Persons: , Shuntaro Ando, John Duffy, wasn’t, I’ve, ideation, Duffy, , Christopher Willard, ” Willard wasn’t, ” Willard, Willard, , ” Ando, that’s Organizations: Lifeline, CNN, JAMA, US Centers for Disease Control, University of Tokyo, Harvard Medical School Locations: United States, neuropsychiatry, Tokyo, Chicago, Boston
The researchers tested Binoculars on large sets of data compiled of news writing, creative writing, and student essays. As generative AI tools like ChatGPT explode in popularity, concerns have grown about students using AI to complete academic work while passing it off as their own. At the same time, many students have been wrongly accused of using AI, based on results of AI detection tools. Last year, schools and universities began disabling such AI detection tools. The researchers claimed Binoculars' method corrects for the role a person prompting an AI tool plays in the output, which has been pointed to as a cause for false positives in AI detection tools.
Persons: they've, Abhimanyu Hans, Dustin Moskovitz, Abu Dhabi's Falcon, Hans, Perplexity Organizations: Business, University of Maryland, Vanderbilt University, Carnegie Mellon University, New York University, Tübingen AI, Capital, Amazon Research
At Mother Jones, a 48-year-old nonprofit magazine specializing in politics and investigations, the implications were dramatic. "The firehose of Facebook traffic was never going to pay for our journalism, for the majority of our journalism," Bauerlein said. Last decade, many publishers saw their "social traffic decline pretty dramatically," with Facebook deprioritizing text-based articles in favor of video content, Cholke said. "If we all end up finding news in the metaverse, then you'll be finding Mother Jones in the metaverse," she said. What Mother Jones won't do, she said, is "bet everything on one platform, because that never works out."
Persons: Mark Zuckerberg, Sen, John Kennedy, Bill Clark, Reuters Mother Jones, Monika Bauerlein, Mother Jones, Meta, Donald Trump, Bauerlein, Jill Nicholson, Nicholson, Zuckerberg, David Carr, Carr, We've, Meta hasn't, It's, Similarweb, Sam Cholke, John S, Adams, Jonah Peretti, " Peretti, Jessica Probus, BuzzFeed's, BuzzFeed, Probus, Cholke, that's, Chartbeat's Nicholson, Mathew Ingram, Facebook, Ingram, Pew, Elisa Shearer, influencers, Jones Organizations: Facebook, Reuters, Mother, CNBC, Google, Meta, Daily, Comcast, Vice Media, Institute for Nonprofit News, Texas Tribune, Montana Free Press, The Texas Tribune, Institute for Nonprofit, Longtime, Columbia Journalism, Pew Research Center, Pew Locations: Washington, France, Germany, Australia, Helena, American
VATICAN CITY (Reuters) - Pope Francis on Sunday called for the release of hostages, including six nuns, who were kidnapped on a bus in Haiti on Friday, and said he was praying for social harmony in the country. Armed gunmen hijacked a bus in Haiti's capital Port-au-Prince with at least six nuns on board and drove off to an unknown destination taking all passengers hostage, Vatican News reported on Saturday, citing the Haitian Conference of Religious group. "I have learned with sorrow of the kidnapping, in Haiti, of a group of people, including six religious sisters", Pope Francis said after his weekly Angelus prayer. The violence comes ahead of a court decision expected on Jan. 26 on a Kenyan-led multinational force to address gang violence in the country, one of the poorest in the Western Hemisphere. (Reporting by Gianluca Semeraro; Editing by Conor Humphries)
Persons: Pope Francis, Ariel Henry, Gianluca Semeraro, Conor Humphries Organizations: VATICAN CITY, Vatican, Haitian, Religious, Kenyan Locations: Haiti, Port
Here are 12 ways you can write better ChatGPT prompts. Prioritize clarity and precisionDeStefano-Tangorra suggests that ChatGPT users "explicitly outline your expectations within the prompt" by adding precise words. "Clear and specific prompts lead to more relevant and useful responses," she said. Couto finds that the best marketing copy reads at a fifth- or sixth-grade level, which includes "short sentences and paragraphs, a conversational tone, and simple language." OpenAI's prompt guide suggests copying and pasting articles into ChatGPT, and then asking the chatbot to answer questions based on them.
Persons: , ChatGPT, It's, Jacqueline DeStefano, Jason Gulya, Rob Cressy, Cressy, Peggy Dean, Dean, " DeStefano, Tangorra, Agatha Christie's Miss, DeStefano, Gulya, Anna Bernstein, didn't, Bernstein, Mary, Ashley Couto, Couto Organizations: Service, Business, Berkeley College, GPT, Facebook, Microsoft Locations: Asia
Sentences for those convicted under Section 112 of Thailand’s Criminal Code, or lese majeste law, can be decades long and hundreds of people have been prosecuted in recent years. A criminal court found him guilty of 14 violations of lese majeste and sentenced him in January 2023 to 28 years. At least 262 people have been charged with lese majeste during that time, the group added. Thailand’s lese majeste prosecutions continue despite a civilian government now being in power, following almost a decade of military-backed rule. The verdicts include a decision by the Constitutional Court on whether Pita sought to overthrow the monarchy through his election campaign to amend the lese majeste law.
Persons: Mongkol Thirakhot, Chiang Rai, , majeste, TLHR, Mongkol, Akarachai Chaimaneekarakate, Akarachai, Anchan Preelert, lese, Arnon Nampa, Arnon, ” TLRH, Thailand’s lese, Pita Limjaroenrat, Pita Organizations: CNN, Thai Lawyers for Human Rights, Facebook, Supreme, UN Human Rights, YouTube, Forward, Constitutional Locations: Chiang Rai, Thailand, TLHR, Thai
The myth of the Lost Cause hasn’t been defeated. Echoes of Lost Cause mythology have also been invoked throughout the primary by Trump’s leading opponents, Florida Gov. The myth of the Lost Cause hasn’t been defeated. In short, it was defeated and discredited, but Lost Cause mythology nevertheless lives on. It was easy not to indulge my grandmother Mildred Lee in her promotion of Lost Cause mythology.
Persons: Karen Finney, Hillary Clinton, Robert E, Lee, Mildred Lee, Karen Finney Ralph Alswange, , curriculums, General Lee, Jim Crow, hasn’t, Biden, , Donald Trump, Abraham Lincoln, Trump’s, Ron DeSantis, Nikki Haley, DeSantis, ” Karen Finney, Trump’s MAGA, Haley, Trump, McCarthy, Clint Smith, we’ve Organizations: CNN, Democratic, Aggression, United, Mother Emanuel AME Church, Florida Gov, South Carolina Gov, Trump voters, Capitol, Fox News, Florida Governor, CNN Town Hall, Union, South Carolina, House, Confederate, Illinois, Reconstruction, Ku Klux, Republican, Civil Locations: Virginia, North Carolina, Charleston , South Carolina, Iowa, Florida, America, South Carolina, United States
It's called "loud budgeting." He wasn't explicit about his definition of "loud budgeting," but suggested it involved being vocal with your friends about choosing to live frugally. Battle said on TikTok that loud budgeting was the opposite of "quiet luxury," which blew up in 2023 after also being popular during the Great Recession. AdvertisementBattle said in one of his TikToks that he thought "loud budgeting" was "more chic" and impressive than "quiet luxury," later adding that while quiet luxury is about "idolizing celebrities," who are often associated with the trend, "loud budgeting is about the everyday person." Now, it seems "loud budgeting" may go a step further, redefining success and coolness to mean saving your money, rather than spending it.
Persons: , It's, Lukas Battle, I've, one's frugality, Libby Brooks, Yuval Shuminer, isn't Organizations: Service, Business, BI Locations: TikTok
Nikki Haley might have come in third in the Iowa caucuses, but as she campaigns in New Hampshire for its first-in-the-nation primary next week, her attention is squarely focused on only one rival: Donald J. Trump. Ms. Haley, a former South Carolina governor who served as U.S. ambassador to the United Nations under Mr. Trump, has begun fine-tuning her argument against her former boss, trying out new jabs and unleashing a new attack ad right out of the gate. She has also stepped up her efforts to frame herself as Mr. Trump’s top rival, announcing that she would no longer participate in primary debates that don’t include him. In recent remarks and in a new television ad, Ms. Haley paints Mr. Trump and President Biden as two sides of the same coin: politicians past their prime who are unable to put forth a vision for the country’s future because they are “consumed by the past, by investigations, by grievances.”At a campaign rally on Wednesday in Rochester, N.H., she fended off Mr. Trump’s attacks on her immigration record, warned voters not to believe his ads against her and reminded them that it was Mr. Trump who had wanted to raise the age for Social Security eligibility and had once proposed increasing the gas tax.
Persons: Nikki Haley, Donald J, Trump, Ms, Haley, Trump’s, Biden Organizations: United Nations, Mr, Social Security Locations: Iowa, New Hampshire, South Carolina, Rochester, N.H
Millennials are turning to more creative and affordable ways of getting on the property ladder, such as buying a fixer-upper. One day, while out walking, she noticed a beautiful, old house that "seemed empty and looked a wreck." A couple bought a 19th-century manor house in Ohio they saw in the Cheap Old Houses newsletterThe Angeleauxs pose in front of Walnut Hill, a house they found on the Cheap Old Houses Instagram account. In May 2022, the Cheap Old Houses newsletter advertised an 1800s manor house in the small village of Higginsport, Ohio. During the renovation, Wormann handled a termite infestation in the beams, disposing of mountains of trash, and firing unreliable contractors.
Persons: , Betsy Sweeny, Betsy Sweeny Betsy Sweeny, Sweeny, Kayli, Angeleaux, Connor, Kayli Angeleaux, Connor Angeleaux's, We're, Farleigh, Olamide Soyemi, Cullen Farleigh Olamide Soyemi, Cullen Farleigh, Soyemi, creatives, Cullen, Anton Wormann, Anton Wormann Anton Wormann, Wormann, hadn't, akiya Organizations: Service, McClain House, Federal Housing Association Locations: Wheeling , West Virginia, McClain, Virginia, Ohio, Walnut Hill, Utah, Higginsport , Ohio, Colombus, London, East London, Swedish, Tokyo, Japan, Sweden
CNN —As fighting continues between Israel and Hamas, many may wonder why this war — and, more broadly, the decades-long Israeli–Palestinian conflict — is so intractable. A feature of sacred values is that they cannot be traded-off with profane values like material incentives to compromise. When each side was offered foreign aid to incentivize the deal, it produced a backfire effect among those who held sacred values. When a symbolic concession was offered, those holding sacred values were less angered and disgusted by the deal, and support for violent opposition plummeted. Carrot-and-stick policies, such as the promise of foreign aid coupled with the threat of sanctions, backfire when presented to those holding sacred values.
Persons: Nafees Hamid, one’s, Alexi J . Rosenfeld, Khaled Meshaal, Bezalel Smotrich, Israel ”, Israel, Bezalel, it’s, Netanyahu Organizations: King’s College London, CNN, UN, Getty, Israel Defense Forces, Hamas, Defense, Administration, West Bank, Palestinian, New School for Social Research, Jewish, Israel, Tel Aviv University, Bank Locations: Israel, US, Qatar, Palestine, Gaza, Jordan, Russian Republic of Dagestan, Berlin, Jerusalem, Israeli, Palestinian
Americans who've moved to Europe often share the most shocking things about their new environments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Americans living in Europe sometimes report relatively well-known differences as culture shocks, including siesta culture in Spain, where an afternoon nap is customary, and differences in tipping expectations . But there's at least one slightly more unexpected culture shock that many American expats can't stop talking about — hang drying clothes instead of using electric dryers. Some Americans have also filmed themselves navigating a drying rack, which they said they weren't used to using in the US.
Persons: who've, , Ruth Schwartz Cowan, Kirstin Munro, Munro Organizations: Service, Housing Survey, Engineering, European Commission, European, University of Pennsylvania, Household Technology, American Technology, BI, New School for Social Research Locations: Europe, Spain, Italy, American, Germany, Latvian, New York
Here's Patel's 7-page media kit:Page one of Shagun Patel's media kit. Page four of Shagun Patel's media kit. Page five of Shagun Patel's media kit. Page six of Shagun Patel's media kit. Page seven of Shagun Patel's media kit.
Persons: videographer, Sukhjot Singh, Singh, Patel, they've, She's, He'd, she'll, She'll, Shagun Patel, shagunpatel.business@gmail.com, TikTok, Here's, shotbusiness@gmail.com Organizations: York, Business, Nike, YouTube, Meta, Patel, Creative, Kia Motors, NYFW Locations: Asian, Instagram, Singh, Hawaii, Morocco, Paris
Political Cartoons View All 253 ImagesDemocrats are also encouraged by Texas Republican Sen. Ted Cruz eking out reelection in 2018 by less than 3 percentage points over Democrat Beto O'Rourke. In Florida, meanwhile, Republican Sen. Rick Scott won his seat that year by around 10,000 votes out of 8.1-plus million cast. In Texas, Democratic Rep. Colin Allred of Dallas will have to overcome primary challenger Roland Gutierrez, a state senator from San Antonio, before he can take on Cruz. “Just 'cause they’re the best options they have doesn’t mean they're winnable, doesn't mean they're competitive,” said Texas Republican strategist Matt Mackowiak. National Republicans are eying Ohio, where Democratic Sen. Sherrod Brown was first elected in 2006, and Montana's Jon Tester, also a three-term Democratic incumbent.
Persons: Joe Biden's, West Virginia Democratic Sen, Joe Manchin, Roe, Wade, Dallas, Kate Cox, Texas Republican Sen, Ted Cruz eking, Democrat Beto O'Rourke, Republican Sen, Rick Scott, , Michigan Sen, Gary Peters, Debbie Mucarsel, Powell, Carlos Curbelo, Colin Allred, Roland Gutierrez, hasn't, O'Rourke, Cruz, , Matt Mackowiak, , West Virginia . Montana Sen, Steve Daines, Scott, Democratic Sen, Sherrod Brown, Jon Tester, Daines, Trump, Mucarsel, Allred, Cox, I’ve, “ Rick Scott, ” Mucarsel, Biden, “ Debbie Mucarsel, ” Scott, Jonathan Turcotte, Catherine Cortez Masto, can’t, Beto, MacKowiak Organizations: WASHINGTON, , West Virginia Democratic, Republicans, Texas Republican, Democrat, Republican, Democratic, Democratic Senatorial, West Virginia ., National Republican Senatorial Committee, National Republicans, Senate, GOP, Trump, Texans, Social Security, Biden, Nevada Sen, NFL, Democrats ’ Senate Locations: Texas, Florida, In Florida, Michigan, Miami, In Texas, San Antonio, Cruz . Texas, West Virginia, West Virginia . Montana, Ohio, Illinois , Texas , Michigan, Pennsylvania, Georgia, U.S, Mexico, Ecuador, Washington
Anthony Fauci Fesses Up
  + stars: | 2024-01-13 | by ( The Editorial Board | ) www.wsj.com   time to read: +1 min
Biden addressed concerns with a $6 trillion spending spree that's had little effect on them. Images: SMG/Zuma Press/AFP/Getty Images Composite: Mark KellyAnthony Fauci has never struggled to speak his mind. For instance, the six-feet rule for social distancing “sort of just appeared” without a solid scientific basis. It’s not news that the six-feet rule lacked scientific rhyme or reason. It noted that the virus’s transmissibility depends on many factors, including ventilation, the host’s viral load and symptoms, and the duration of exposure, among other things.
Persons: Biden, that's, Mark Kelly Anthony Fauci, National Institutes of Health potentate Organizations: SMG, Zuma Press, Getty, National Institutes of Health
Preference for environmental, social, and governance — or ESG investing plummeted in 2023 among millennials and Gen Z. The survey examined the support for environmental, social, and governance (ESG) issues and investing across different age groups. Investments receive an ESG rating, and ESG investors pick assets that align with their views on these subjects. AdvertisementIn the survey, preference for ESG investing among millennials and Gen Z — aged between 18 and 41 — plummeted significantly compared to the year before. Tim Paradis and Alex Nicoll of Business Insider explained in December just how controversial the topic of ESG investing has become.
Persons: Z, Gen Zers, Tom Grill, Amit Seru, Seru, David F, Tim Paradis, Alex Nicoll, ESG, Paradis, Nicoll, Sara Eisen, Eisen Organizations: Service, Stanford University, Hoover Institution, Rock Center, Corporate, Investments, Stanford Graduate School of, Stanford Graduate School of Business, United, Investment, Republican, Business, Europa Press Locations: United States
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